Who would have thought....

You would think that in bad economic times (like we hear about almost everyday in the news) that people will become thrift and not spend much.  I use to always hear that in tough times, items like chocolate and make-up sell well and are recession proof products because they are the "little things" that make us happy.

That tell me how much I know about the economy.

Ferragamo H1 shows resilience of luxury sector (Reuters)

PVH posts Q2 profit beats estimates, shares up (Reuters)

Hermes posts 37 percent rise in H1 operating profit (Reuters)

Ok, I appreciate that it's that time of year when companies report how they've been doing, but this is remarkable.  Especially the news from Hermes where they have reported that their profitability is being supported by the US and China....